The cost of a bag increased from 8 to 12 in the US and ₹ 400 to ₹480 in India. What affect it has on the dollar in respect to exchange price? Option 1: Revaluated. Option 2: Appreciated. Option 3: Depreciated. Option 4: Devaluated.

The answer is 'Depreciated.'. View full solution:

CUET Economics - The cost of a bag increased from 8 to 12 in the US and ₹ 400 to ₹480 in India. What affect it has on the dollar in respect to exchange price? | PYQs + Solutions

CUET Economics 2025 29 May Shift 2

Macro

Medium

Revaluated.

Appreciated.

Depreciated.

Devaluated.

✅ Correct Option: 3